By Karen Taylor: I was thinking if I had $70 million or so sitting around ready to invest, this is where I would put it. The area around Downtown Crossing right now has a better chance of making a turn-around than any other location in Boston. Let me count the ways. Downtown Crossing where Summer [...]

From the Boston Business Jouornal: Boston is an increasingly popular city for foreign investors picking U.S. locations for real estate investment, a new survey states. In a pick that will surprise few real estate players, Washington, D.C., ranked first in the survey of members by the Association of Foreign Investors in Real Estate. The capital [...]

A couple of quotes from an article by James Hagerty in the WSJ: Is Slashing Mortgage Principal the Answer? … Assistant Treasury Secretary Michael Barr … suggested that there would be a risk that such a [principal] program would change a lot of borrowers’ behavior. “Most people, most of the time, make their mortgage payments [...]

What do unemployed architects and designers do with their time after losing their jobs? They dream up design ideas on how to beautify, challenge and improve Boston, through the “SHIFTBoston competition.” The official winner of the competition also happens to be our favorite idea: “Turning an abandoned subway tunnel under Tremont Street into an underground [...]

In January several Back Bay condos sold below the assessed values: 351 Beacon Street G-2 351 Beacon Street #4 180 Beacon Street #3C 7 Fairfield Street #4 180 Beacon Street #6 It should also be noted, several Back Bay condos sold above assessed values as well. View Back Bay Condos

The following is Boston Proper condo and real estate sales data for the 30 days ending January 16, 2010 and last week. Number of units currently on the market: 777 last week 754 Average days on market: 163 last week 170 Median list price: $639,000 last week $635,000 Average list price: $1,104,290 last week $1,099,683 [...]

According to LINK, the number of parking spaces that sold in downtown Boston during 2009 was 65, down from a 2008 volume of 97. Average sales price fell slightly to approximately $94,000, and median sales price rose slightly to $67,000. 2009 Boston Parking Space Sales Statistics: Number Sold: 65 Average: $94,420 Median: $67,000 Average DOM: [...]

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From HUD: HUD takes action to speed resale of foreclosed properties to new owners … With certain exceptions, FHA currently prohibits insuring a mortgage on a home owned by the seller for less than 90 days. This temporary waiver will give FHA borrowers access to a broader array of recently foreclosed properties. … In today’s [...]

Two big thumbs up for Vilma Dassoni, one of my agents. She just closed today on a two-bedroom at The Clarendon, #16C, for $1,220,000. I think this brings the total number of closings to 10 for The Clarendon. Click here to view Back Bay luxury condos.